The Merge of Ethereum has completed the most influential consensus mechanism upgrade in the blockchain field, completely ending the seven-year Proof of Work (PoW) mechanism by integrating the mainnet with the Beacon Chain launched in 2020.
This milestone event (final landing in 2022) brings about a dual transformation:
Energy Efficiency Revolution: Energy consumption across the entire grid drops by 99.95%, equivalent to removing the entire electricity consumption of Canada;
Economic model reconstruction: The annual issuance volume has been reduced by 89%, and the deflationary mechanism has begun to dominate token economics.
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